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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/Mauritius Rupee (FOREX:GBPMUR)
Long-Term Downtrend (-90) - GBPMUR is in a strong downtrend that is likely to continue. While GBPMUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPMUR
The long-term trend has been DOWN since Nov 19th, 2024 at 58.665241
The intermediate-term trend has been DOWN since Oct 8th, 2024 at 60.258148
The short-term trend has been DOWN since Nov 12th, 2024 at 59.823757
Smart Scan Analysis for GBPMUR
Based on our trend formula, GBPMUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.769560 | 58.871544 | 58.381614 | 58.381614 | -0.387946 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.769560 | 2024-11-21 19:04:48 |